VEEM
- Home ›
- AU ›
- Capital Goods
VEEM Ltd manufactures and sells propulsion and stabilization systems. The last earnings update was 50 days ago. More info.
Add to Portfolio Compare Print
VEE Share Price and Events
7 Day Returns
1 Year Returns
VEE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| VEEM (VEE) | -6.2% | -5.4% | 6% | 20.5% | - | - |
| AU Machinery | -3% | 2.4% | 2.2% | -13.6% | 31.5% | -58.1% |
| AU Market | 0.7% | 1.1% | 6.5% | 4.7% | 17.5% | 4.9% |
1 Year Return vs Industry and Market
- VEE outperformed the Machinery industry which returned -13.6% over the past year.
- VEE outperformed the Market in Australia which returned 4.7% over the past year.
VEE Value
Is VEEM undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for VEEM. This is due to cash flow or dividend data being unavailable. The share price is A$0.53.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for VEEM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
VEEM's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.01 |
| ASX:VEE Share Price ** | ASX (2019-04-18) in AUD | A$0.53 |
| Australia Machinery Industry PE Ratio | Median Figure of 8 Publicly-Listed Machinery Companies | 16.71x |
| Australia Market PE Ratio | Median Figure of 545 Publicly-Listed Companies | 16.18x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of VEEM.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:VEE Share Price ÷ EPS (both in AUD) = 0.53 ÷ 0.01 |
38.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VEEM is overvalued based on earnings compared to the AU Machinery industry average.
- VEEM is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
VEEM's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 38.15x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
-0.4%per year |
| Global Machinery Industry PEG Ratio | Median Figure of 255 Publicly-Listed Machinery Companies | 1.68x |
| Australia Market PEG Ratio | Median Figure of 361 Publicly-Listed Companies | 1.38x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for VEEM, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
VEEM's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$0.23 |
| ASX:VEE Share Price * | ASX (2019-04-18) in AUD | A$0.53 |
| Australia Machinery Industry PB Ratio | Median Figure of 17 Publicly-Listed Machinery Companies | 1.64x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.68x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:VEE Share Price ÷ Book Value per Share (both in AUD) = 0.53 ÷ 0.23 |
2.31x |
* Primary Listing of VEEM.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VEEM is overvalued based on assets compared to the AU Machinery industry average.
Value checks
We assess VEEM's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) VEEM has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VEE Future Performance
How is VEEM expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover VEEM, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- VEEM's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
- VEEM's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
- Unable to compare VEEM's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:VEE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | -0.4% |
| Australia Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 61.9% |
| Australia Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 29.6% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.6% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 41 | 1 | 2 |
| 2018-09-30 | 41 | 0 | 2 |
| 2018-06-30 | 41 | -1 | 3 |
| 2018-03-31 | 39 | 1 | 3 |
| 2017-12-31 | 37 | 4 | 4 |
| 2017-09-30 | 38 | 3 | 4 |
| 2017-06-30 | 38 | 3 | 4 |
| 2017-03-31 | 42 | 4 | 4 |
| 2016-12-31 | 46 | 4 | 4 |
| 2016-09-30 | 43 | 6 | 5 |
| 2016-06-30 | 41 | 8 | 5 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from VEEM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.01 |
| 2018-09-30 | 0.02 |
| 2018-06-30 | 0.02 |
| 2018-03-31 | 0.03 |
| 2017-12-31 | 0.03 |
| 2017-09-30 | 0.03 |
| 2017-06-30 | 0.03 |
| 2017-03-31 | 0.04 |
| 2016-12-31 | 0.05 |
| 2016-09-30 | 0.06 |
| 2016-06-30 | 0.06 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess VEEM's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
VEEM has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VEE Past Performance
How has VEEM performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- VEEM's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- VEEM's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- VEEM's 1-year earnings growth is negative, it can't be compared to the AU Machinery industry average.
Earnings and Revenue History
All data from VEEM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 41.11 | 1.81 | 17.05 | |
| 2018-09-30 | 40.91 | 2.28 | 15.93 | |
| 2018-06-30 | 40.71 | 2.76 | 14.81 | |
| 2018-03-31 | 38.95 | 3.49 | 16.02 | |
| 2017-12-31 | 37.05 | 4.23 | 17.10 | |
| 2017-09-30 | 37.57 | 4.04 | 17.37 | |
| 2017-06-30 | 38.08 | 3.85 | 17.64 | |
| 2017-03-31 | 41.80 | 4.11 | 18.23 | |
| 2016-12-31 | 45.51 | 4.38 | 18.82 | |
| 2016-09-30 | 43.44 | 4.70 | 18.72 | |
| 2016-06-30 | 41.37 | 5.01 | 18.62 | |
| 2015-06-30 | 38.49 | 4.05 | 18.10 | |
| 2014-06-30 | 39.83 | 5.41 | 17.53 | |
| 2013-06-30 | 37.86 | 3.92 | 16.12 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- VEEM has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- VEEM used its assets less efficiently than the AU Machinery industry average last year based on Return on Assets.
- VEEM's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess VEEM's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
VEEM has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VEE Health
How is VEEM's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up VEEM's finances.
The net worth of a company is the difference between its assets and liabilities.
- VEEM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- VEEM's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from VEEM Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 29.80 | 12.05 | 0.90 |
| 2018-09-30 | 29.80 | 12.05 | 0.90 |
| 2018-06-30 | 29.48 | 13.37 | 0.30 |
| 2018-03-31 | 29.48 | 13.37 | 0.30 |
| 2017-12-31 | 28.82 | 11.28 | 1.35 |
| 2017-09-30 | 28.82 | 11.28 | 1.35 |
| 2017-06-30 | 28.81 | 7.99 | 0.59 |
| 2017-03-31 | 28.81 | 7.99 | 0.59 |
| 2016-12-31 | 26.19 | 3.40 | 0.85 |
| 2016-09-30 | 26.19 | 3.40 | 0.85 |
| 2016-06-30 | 24.22 | 5.57 | 0.65 |
| 2015-06-30 | 22.70 | 5.05 | 0.38 |
| 2014-06-30 | 22.55 | 5.47 | 0.38 |
| 2013-06-30 | 20.44 | 5.41 | 0.61 |
- VEEM's level of debt (40.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (25.3% vs 40.4% today).
- Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
Financial health checks
We assess VEEM's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) VEEM has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VEE Dividends
What is VEEM's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
VEEM
shares you are expected to receive
A$11
in your first year as a dividend.
Dividend Amount
- VEEM's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.5%).
- VEEM's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Australia Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 2.1% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-28 | 0.003 | 0.546 |
| 2018-10-25 | 0.005 | 0.972 |
| 2018-08-30 | 0.005 | 0.931 |
| 2018-02-23 | 0.008 | 1.610 |
| 2017-08-31 | 0.012 | 2.294 |
| 2016-10-26 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- VEEM is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
- VEEM is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess VEEM's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can VEEM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) VEEM has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VEE Management
CEO
| COMPENSATION | A$412,637 |
| TENURE AS CEO | 24.3 years |
CEO Bio
Mr. Mark David Miocevich, B. App.SC.(Mech Eng) FIE Aust serves as Managing Director at VEEM Ltd since 1995. Mr. Miocevich is responsible for the overall performance of VEEM and for the leadership of the management team in achieving the objectives of the Board. He has had extensive experience in engineering and manufacturing. He has been involved in management and operations with VEEM since 1983. He serves as Director at VEEM Ltd. He has a Bachelor of Applied Science (Mechanical Engineering), is a Fellow of the Institute of Engineers Australia.
CEO Compensation
- Mark's compensation has been consistent with company performance over the past year.
- Mark's remuneration is about average for companies of similar size in Australia.
Management Team
Mark Miocevich
MD & Director
A$413K
24.3 yrs
Peter Torre
Joint Company Secretary & Independent Non-Executive Director
A$38K
46
2.6 yrs
Tracy Caudwell
Manager of Finance & Administration and Joint Company Secretary
Board of Directors Tenure
Average tenure of the VEEM board of directors in years:
- The average tenure for the VEEM board of directors is less than 3 years, this suggests a new board.
Board of Directors
Brad Miocevich
Non-Executive Chairman
A$170K
Mark Miocevich
MD & Director
A$413K
Peter Torre
Joint Company Secretary & Independent Non-Executive Director
A$38K
46
1 yrs
Ian Barsden
Non-Executive Director
A$60K
2.8 yrs
Mike Bailey
Independent Non-Executive Director
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Feb 19 | Sell | Perennial Value Management Limited | Company | 13. Jun 18 | 10. Aug 18 | -1,064,767 | A$0.50 | A$-532,440 | ||
| 07. Feb 19 | Buy | Perennial Value Management Limited | Company | 26. Feb 18 | 05. Feb 19 | 2,366,630 | A$0.55 | A$1,305,719 | ||
| 20. Sep 18 | Buy | Michael Bailey | Individual | 19. Sep 18 | 19. Sep 18 | 25,000 | A$0.58 | A$14,500 | ||
| 10. Sep 18 | Buy | Michael Bailey | Individual | 07. Sep 18 | 07. Sep 18 | 18,616 | A$0.59 | A$10,983 | ||
| 06. Sep 18 | Buy | Michael Bailey | Individual | 03. Sep 18 | 05. Sep 18 | 31,384 | A$0.57 | A$17,678 | ||
| 17. May 18 | Buy | Peter Torre | Individual | 16. May 18 | 16. May 18 | 60,000 | A$0.41 | A$24,900 | ||
Management checks
We assess VEEM's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) VEEM has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VEE News
Simply Wall St News
What VEEM Ltd's (ASX:VEE) ROE Can Tell Us
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.061 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleVEEM (ASX:VEE) Shareholders Have Enjoyed A 17% Share Price Gain
For example, the VEEM Ltd (ASX:VEE) share price is up 17% in the last year, clearly besting than the market return of around 1.6% (not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the last year, VEEM actually saw its earnings per share drop 60%.
Simply Wall St - – Full articleShould We Worry About VEEM Ltd's (ASX:VEE) P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how VEEM Ltd's (ASX:VEE) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs VEEM Ltd's (ASX:VEE) Balance Sheet Strong Enough To Weather A Storm?
While small-cap stocks, such as VEEM Ltd (ASX:VEE) with its market cap of AU$70m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,
Simply Wall St - – Full articleCould VEEM Ltd's (ASX:VEE) Investor Composition Influence The Stock Price?
A look at the shareholders of VEEM Ltd (ASX:VEE) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Let's take a closer look to see what the different types of shareholder can tell us about VEE
Simply Wall St - – Full articleIs VEEM Ltd (ASX:VEE) Investing Your Capital Efficiently?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is VEEM Ltd (ASX:VEE) Still Undervalued?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use VEEM Ltd's (ASX:VEE) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDoes VEEM Ltd (ASX:VEE) Create Value For Shareholders?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.094. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Investors Should Know About VEEM Ltd's (ASX:VEE) Financial Strength
VEEM Ltd (ASX:VEE) is a small-cap stock with a market capitalization of AU$73m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.
Simply Wall St - – Full articleWhat Do You Get For Owning VEEM Ltd (ASX:VEE)?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand VEEM’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleVEE Company Info
Description
VEEM Ltd manufactures and sells propulsion and stabilization systems. It offers propellers, centrifugally cast hollow bars, and gyrostabilizers; and manufactures bespoke manufactured products and services to the marine, defense, and mining industries. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd.
Details
| Name: | VEEM Ltd |
| VEE | |
| Exchange: | ASX |
| Founded: | 1968 |
| A$68,900,000 | |
| 130,000,000 | |
| Website: | http://www.veem.com.au |
| Address: |
VEEM Ltd 22 Baile Road, Canning Vale, Western Australia, 6155, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | VEE | Ordinary Shares | Australian Securities Exchange | AU | AUD | 26. Oct 2016 | |
| CHIA | VEE | Ordinary Shares | Chi-X Australia | AU | AUD | 26. Oct 2016 |
Number of employees
Current staff
Industry
| Industrial Machinery | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 10:35 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2018/08/30 |
| Last earnings filing: | 2019/02/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
